B. Riley Wealth Advisors Inc. Trims Position in The Sherwin-Williams Company $SHW

B. Riley Wealth Advisors Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 50.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,643 shares of the specialty chemicals company’s stock after selling 2,720 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sherwin-Williams were worth $915,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SHW. Johnson Investment Counsel Inc. grew its stake in shares of Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the period. Cordatus Wealth Management LLC raised its position in shares of Sherwin-Williams by 149.4% in the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares during the period. Nordea Investment Management AB boosted its holdings in Sherwin-Williams by 16.1% in the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after acquiring an additional 17,422 shares during the last quarter. Inscription Capital LLC purchased a new stake in Sherwin-Williams during the third quarter valued at about $1,069,000. Finally, Lindenwold Advisors INC acquired a new stake in Sherwin-Williams during the second quarter worth about $1,303,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Finally, Bank of America lowered their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $385.94.

Sherwin-Williams Stock Down 0.5%

Shares of Sherwin-Williams stock opened at $346.43 on Wednesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a market capitalization of $85.88 billion, a PE ratio of 33.80, a P/E/G ratio of 5.04 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The business has a 50-day moving average of $336.86 and a 200-day moving average of $343.63.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the firm posted $3.37 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.